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411 Southland Dr

25,743 SF 100% Leased Retail Building Lexington, KY 40503 $8,700,000 ($338/SF)

Investment Highlights

  • Operating for 33 years, restaurant, 10,000 sf beer hall, 3 volleyball courts inside and 3 outdoor courts, pool tables, games, live music, etc.

Executive Summary

Marikka's a favorite local neighborhood spot!! An authentic family owned German restaurant, bar, and volleyball complex located on Southland Dr.They have been in business for 33 years.Marikka's started in the strip mall in early 1991 and then they rebuilt in 2018.The new Marikka's, encompasses some 22,000+ sq. feet, including three indoor volleyball courts, a 10,000 sq. foot beer hall, a restaurant, three outdoor volleyball courts and a private party space on the second floor.As for the food, all traditional German dishes for which Marikka's is known: sausages, schnitzels, sauerbraten and sauerkraut, and they are still cooked by the same people for 33 years now! Marikka's also expanded another one of the restaurant's trademarks: its endless bottled beer selection. A huge list of hard-to-find imports and microbrews consisting of over 800-1000 bottled beers!Come in for a relaxing dinner in the restaurant or enjoy food and drink in the large beer hall with live music, games, pool tables,or volleyball! This fabulous establishment has been cherished by locals and visitors for many years now! Current owners are now ready for retirement and this well established busy spot is available!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
25,743 SF
Building Class
B
Year Built
2018
Price
$8,700,000
Price Per SF
$338
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.32
Lot Size
1.83 AC
Zoning
B-1 - B-1
Frontage
248 FT on Marikka's
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Big Blue Cross Fit & Pilates
Central Bank
The Human Bean
Frisch's Big Boy
LongHorn Steakhouse
Cosi
TacoTime
Chase Bank
Fazoli's
Freddy's Frozen Custard & Steakburgers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13534400
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,695,000
  • Listing ID: 31193925

  • Date on Market: 3/12/2024

  • Last Updated:

  • Address: 411 Southland Dr, Lexington, KY 40503

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